1629 Franklin, Santa Monica, California 90404, Santa Monica, 90404 - 1 bed, 1 bath
Loading property details...
Santa Monica, California 90404
This Modernized Santa Monica Condo is a Strong Value Opportunity, listed at $499,000—positioned well below the $547,426 Fair Market Value by 8%. This valuation gap provides $48,426 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the interior features stone countertops and laminate flooring, complemented by a competitive $350 HOA fee. Situated in the Santa Monica-Malibu Unified district, this asset offers rare affordability in a high-demand coastal hub. It is perfectly suited for first-time buyers or buy-and-hold investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1629 Franklin Subject | $499,000* List Price | 1 | 1 | 714 | $767 | - |
A 1518 Yale Street 1 Sold | $515,000 | 1 | 1 | 720 | $715 | 0.3 mi |
B 2329 Kansas Avenue 6 Active | $569,000 List Price | 1 | 1 | 650 | $875 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant updates since its 1973 construction. Interior features include modern laminate flooring throughout, updated kitchen cabinetry with stone countertops, and a refreshed bathroom vanity. While some appliances (black electric coil stove) and the popcorn ceilings are dated, the overall condition is well-maintained with no immediate repairs required, fitting the criteria for a well-maintained home renovated within the last 5 to 15 years.
Situated in a highly desirable coastal city, this property offers proximity to world-class dining, shopping, and the beach, ensuring strong long-term value and appreciation potential.
Priced under $500,000, this unit represents a rare and affordable entry point into the prestigious Santa Monica real estate market, making it ideal for first-time buyers or investors.
The monthly association fee of $350 is significantly lower than many comparable buildings in the area, enhancing the property's affordability and monthly cash flow.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 714, other record living area = 900. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
Built in 1973, the property may require updates to its original systems and interior finishes to meet modern aesthetic and functional standards.
At 714 square feet with a 1-bedroom layout, the compact living space may restrict the buyer pool to individuals or couples, offering limited flexibility for a home office or guests.
Exceptional opportunity in Santa Monica. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 35% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 714 | 1,018 | 15% |
| Lot Size | 6,305 | 8,104 | 21% |
| Price | $499.0K | $831.8K | 3% |
| Price per sq ft | $699 | $802 | 12% |
| Built year | 1973 | 1972 | 56% |
| HOA | $350.0 | $398 | 32% |
| Days on market | 23 | 175 | 3% |
Mar 30, 2026
$499,000
Initial Listing
Jan 3, 2007
$430,000
Public Record
Jul 19, 2002
$275,000
Public Record
Jul 11, 1994
$115,000
Public Record